If you want to run a successful e-commerce business, then shipping is one of the most important factors. And we know it’s not always easy to figure out what shipping way is best for your business.
With its low cost and simple logistics service, economy shipping is, without a doubt, one of the basic delivery services you should consider for your customers.
In this blog post, let’s take a closer look at what economy shipping is, how long it takes, and how it can make a difference in your business!
What is Economy Shipping?
Economy shipping is a low-cost shipping service. It’s currently the cheapest way of transporting goods on the market.
To lower shipping rates for customers, courier companies offer a slower shipping service as well as simpler parcel tracking compared to standard and expedited services.
Even though economy shipping involves delivery within a longer time frame, it represents a great solution for small businesses that want to ship non-time-sensitive packages while keeping pretty affordable delivery costs.
How Do Carriers Keep a Low Transportation Cost?
Usually, with this shipping option, national shipments are made via ground shipping, which consists in sending a package through land transportation (by trains or trucks mainly).
If the package needs to be delivered to a location in another country, it can be sent either via ground transportation, if possible, or via non-priority flights. This allows carriers to keep a low transportation cost.
Another element is that all packages are usually sent in bulk, with loads of other packages. They are not sent one by one.
Courier Companies That Offer Economy Shipping
Rest assured, most courier companies offer economy delivery service, as it has become one of the most common shipping options over the years.
You’ll be able to choose this service for your eCommerce website with UPS, FedEx, USPS (United States Post Office), and Canada Post (tracked and untracked), just to name a few.
What are the Benefits of Shipping Economy?
There are different benefits of economy shipping for your business. Here’s a quick overview:
Cheaper shipping rates
Yes, shipping costs can have a real impact on business profitability and margins. Economy shipping can actually help you save on your delivery expenses and sometimes can cut those costs in half!
That’s why economy shipping is one of the most popular shipment types among eCommerce businesses looking to stay competitive with affordable delivery options.
If you want to make sure you’re choosing the cheapest option, sign up with us now!
ShipSimple will be your perfect ally in saving money and time. With our negotiated rates with DHL, FedEx, Purolator, and more, we offer a free platform helping you compare shipping rates from different courier companies to get the best deals on the market. You could save up to 75% today.
Can match standard shipping delays
With some courier companies, economy shipping can match standard shipping delivery times, especially if you’re looking to send a package domestically.
In that case, it can help you get the best value for money, making it a pretty great deal! Nice, right?
Available with most major courier companies
You don’t need to worry, economy shipping is available with your favorite courier company. Because economy shipping is, in fact, pretty much widely used, and you can get it with the most popular courier companies.
Economy shipping is available for International shipping
And economy shipping is not only limited to domestic mailing. In fact, economy shipping for international parcels is also widely available with several courier companies.
In case you want to send packages from Canada or the US to another country while keeping low shipping rates, economy shipping is your best go-to option!
How Long Does Economy Shipping Take?
The time frame greatly depends on the destination and carrier you use to ship economy parcels. Economy shipping usually takes a few business days.
With major courier companies, economy shipping services could take up to 3-5 business days for domestic delivery.
If the destination of the mail or package is within the same state or province, the service might be faster, and you could even expect delivery in under three business days if you’re lucky.
However, if you’re shipping internationally, know that the delay can be longer.
What Are the Differences Between Economy Shipping and Other Types of Shipping?
Standard shipping VS economy shipping
Standard and economy shipping are quite similar when it comes to domestic destinations. The delivery time is usually around 3-5 business days for both options, and it’s possible to track the two different shipping services.
The main difference between the two would be when shipping a package or piece of mail to an international destination. In this case, economy shipping will be cheaper and slower vs standard shipping.
Expedited shipping VS economy shipping
Expedited shipping is the express way of shipping your merchandise or goods. Where economy shipping usually takes around 3-5 business days, expedited shipping services take 1 to 3 days.
Expedited shipping goes much faster compared to economy shipping and allows you to keep track of your shipments more accurately.
What about tracking an item with economy shipping?
As economy shipping is a slower and less expensive service than standard or expedited shipping, carriers do not offer tracking details.
In that way, the item is only scanned three times: When the mail or package has been collected, when it has been received in the distribution center and sorted, and finally when it’s been delivered to its final destination.
Sending a Package With Economy International Shipping
Sending parcels to other countries can quickly become a costly business. The good news is that with most carriers, economy shipping is available for international package delivery.
The rates of economy international shipping are significantly lower than priority international shipping, but as expected, it’s, of course, a slower option.
For instance, an economy international shipment with FedEx will take between 4 to 6 business days VS 2 to 4 days for a priority international one.
It all boils down to whether or not your packages are time-sensitive and how much you or the customer are prepared to spend!
Large and small businesses have a lot to win and save with economy shipping. It’s not only a cost-effective shipping option but a reliable way to ship your merchandise both domestically and internationally and with simple tracking.
If you want to offer your customers an affordable way to send your products, this is definitely a great alternative to standard and expedited shipments.
Not convinced yet? Compare all economy shipping options with our free online ShipSimple platform, or book a demo with one of our shipping experts today.